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Dec 29, 2012
12/12
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we are definitely going over, that whole fiscal cliff thing where congress and the white house cannot reach a deal, and they may be get us in a recession. it's going to happen. that was the whole point of president obama's press conference this afternoon. >> i still want to get this done. it's the right thing to do for our families and our businesses and the entire economy. but the hour for immediate action is here. it is now. >> allow me a quick moment, that press conference came after president obama met with john boehner and nancy pelosi and harry reed and mitch mcconnell and all the kree congressional leaders and listen to the president here. >> the american people are watching what we do here. obviously their patience is already thin. this is deja vu all over again, america wonders why it is, in this town for some reason, you can't get stuff done in an organized timetable. why everything has to wait for the last minute. we are now at the last minute and the american people are not going to have any pabs for a political -- patience for a politically self-inflicted wound right now.
we are definitely going over, that whole fiscal cliff thing where congress and the white house cannot reach a deal, and they may be get us in a recession. it's going to happen. that was the whole point of president obama's press conference this afternoon. >> i still want to get this done. it's the right thing to do for our families and our businesses and the entire economy. but the hour for immediate action is here. it is now. >> allow me a quick moment, that press conference came...
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Dec 27, 2012
12/12
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obama is cutting short his christmas vacation. he is leaving hawaii tonight so that he can be back in washington when congress reconvenes tomorrow. >> laura: so we should believe that by leaving his island enclave that the president was making some big sacrifice for the country? i'm thinking washington, crossing the delaware on a bitter christmas night 1776 before going on to defeat the british in two major battles, that's sacrifice. i, for one, never understood how in good conscious any of these politicians would think about leaving town with so much riding on this cliff hanger? shouldn't they get their work done before they leave town for a break? that's what's expected for most working americans but then again washington politicians have rules of their own. people whose salaries that we pay are called public servants. meaning they verve us. not the other way around. we don't work to make their lives better. they are supposed to make ours better. the operative word here being work. so much doesn't seem to be working though at al
obama is cutting short his christmas vacation. he is leaving hawaii tonight so that he can be back in washington when congress reconvenes tomorrow. >> laura: so we should believe that by leaving his island enclave that the president was making some big sacrifice for the country? i'm thinking washington, crossing the delaware on a bitter christmas night 1776 before going on to defeat the british in two major battles, that's sacrifice. i, for one, never understood how in good conscious any...
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Dec 27, 2012
12/12
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. >> the bulls game of obama postponed because of snow last night. he's now making a final try with congress and there's no denying a new plan is in the works. even in the opening prayer to kick off today's proforma session in the house, the chaplain prayed for congress to make a deal. but they're now adjourned until sunday night and that is where we begin with nbc's white house correspondent peter alexander and mike vicquiera on the hill. >> reporter: when derek rose is back for the chicago bulls, trying to get those answers for you as soon as possible. >> thank you, i appreciate that. >> reporter: of course, the real question right now here at the white house is exactly what's going to happen over the course of several days and can they avert the fiscal cliff? to stick with your metaphor of basketball, if rose were to go the length of the court for fans on one side, left to right, fans on other side, right to left, if he scores it is the same basket but use the metaphor and apply it to the conversation of exactly where these tax cuts could take pla
. >> the bulls game of obama postponed because of snow last night. he's now making a final try with congress and there's no denying a new plan is in the works. even in the opening prayer to kick off today's proforma session in the house, the chaplain prayed for congress to make a deal. but they're now adjourned until sunday night and that is where we begin with nbc's white house correspondent peter alexander and mike vicquiera on the hill. >> reporter: when derek rose is back for...
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Dec 31, 2012
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congress this time around. and then, of course, there's the second term scandal. clinton's second term dominated, basically ended after a year because the le wrkwinsky scanda began which completely derailed any agenda he hoped to push in that second four years. >> i have to go back to work on my state of the union speech. and i worked on it until pretty late last night. but but i want to say one thing. i did not have sexual relations with that woman, ms. lewinsky. >> ronald reagan pushed through a tax overhaul, he also became embroiled in the iran contra affair. >> a few months ago, i told the american people i did not trade arms for hostages. my heart and my best intentions still tell me that's true. but the facts and the evidence tell me it is not. >> there is a bright side. if lincoln hadn't had a second term, he wouldn't have won the war. still, second terms, they don't last four years, they're shorter than that. how long will obama have? is he aware that a second term, do mesically, only lasts about a year
congress this time around. and then, of course, there's the second term scandal. clinton's second term dominated, basically ended after a year because the le wrkwinsky scanda began which completely derailed any agenda he hoped to push in that second four years. >> i have to go back to work on my state of the union speech. and i worked on it until pretty late last night. but but i want to say one thing. i did not have sexual relations with that woman, ms. lewinsky. >> ronald reagan...
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Dec 28, 2012
12/12
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>> reporter: well, we do know this, a source familiar with these talks says that president obama is not going to be offering anything new during this afternoon's meeting. he's essentially going to be saying what he said at the white house last friday when he called on congress to put forth a package that would extend bush era tax cuts for those making $250,000 or less, extend unemployment insurance benefits, as well as stave off some of those deep spending cuts that are set to go into effect. the president is going to make the argument that he believes this can pass through both houses, but, of course, there is a big question mark over that. i have been speaking with republican aides on the hill who say house republicans are really waiting to see what the senate does at this juncture before they weigh in on anything that the president might say during today's meeting. but, of course, we will have to wait and see what actually happens. we're hoping the congressional leaders will talk to us and we'll have more information about what happened. >> it seems the political dynamics essentially
>> reporter: well, we do know this, a source familiar with these talks says that president obama is not going to be offering anything new during this afternoon's meeting. he's essentially going to be saying what he said at the white house last friday when he called on congress to put forth a package that would extend bush era tax cuts for those making $250,000 or less, extend unemployment insurance benefits, as well as stave off some of those deep spending cuts that are set to go into...
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Dec 25, 2012
12/12
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. >> with congress coming back, the president will also reportedly cut short his holiday vacation in hawaii. democrats hope mr. obama will continue to fight for a complete agreement, not just a temporary patch. >> i definitely hope that he can and will continue to push for as big a deal as possible, but you've got to remember now, we're just a few days away. >> if no deal is reached, over 2 million americans will lose their jobless benefits and workers will see a 2% cut in their take home pay as social security payroll taxes go up january 1st. jennifer johnson, nbc news, washington. >> well, around this time of year, there is a big surprise that happens on the rockefeller center ice skating rink outside our nbc news world head quarters. it happens about half a dozen times a day every day. nbc's erica hill has the story. >> right outside our doors at rockefeller center, home to the country's most celebrated christmas tree, we often hear an plows th applause this time of year. and when we do, we know it means something special is happening. >> yeah. >> the reason for those moments is p
. >> with congress coming back, the president will also reportedly cut short his holiday vacation in hawaii. democrats hope mr. obama will continue to fight for a complete agreement, not just a temporary patch. >> i definitely hope that he can and will continue to push for as big a deal as possible, but you've got to remember now, we're just a few days away. >> if no deal is reached, over 2 million americans will lose their jobless benefits and workers will see a 2% cut in...
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Dec 26, 2012
12/12
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will congress take aim at employer-sponsored health insurance? we will look at that and aetna's ceo will weigh in. >>> it's getting messy with this storm making its way across the country. now it's on the east coast. we have the latest on the nor'easter and how it could affect your money. mandy is kind of to stick around, stay late for us. she'll be with me at the top of the hour. see you guys then. >> you twisted my arm. >>> meantime, some signs of life in the housing market. the s & p home price index rose 4.3% year over year, the biggest increase in two and a half years. the index was down .1% month over month but that is likely seasonal so let's ignore it. all in all, no doubt housing making a big recovery in much of america. >>> what can we expect from the housing market in 2013 is the question. we've got the chief economist with good news but also a couple of warnings. i really don't like to start on bad news. give us the good news first. >> thanks, mandy. here's the good news for next year. first of all, we're expecting to see prices conti
will congress take aim at employer-sponsored health insurance? we will look at that and aetna's ceo will weigh in. >>> it's getting messy with this storm making its way across the country. now it's on the east coast. we have the latest on the nor'easter and how it could affect your money. mandy is kind of to stick around, stay late for us. she'll be with me at the top of the hour. see you guys then. >> you twisted my arm. >>> meantime, some signs of life in the housing...
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Dec 25, 2012
12/12
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. >>> president obama is in hawaii for christmas. the president is expected to spend a quiet day with his family. with the president and congress on a short holiday break, there's been no movement on fiscal cliff negotiations. before he left washington, the president said he believes a deal could be made before the december 31 deadline. >>> u.s. troops celebrated their 12th consecutive christmas in afghanistan. service men and women attended a service at the nato base in kabul, sang some carols, then enjoyed a holiday dinner. >>> and coming up on the "morning news," he may be messy funny, jack klugman from "the odd couple "has died. a look back at his remarkable career. [ female announcer ] introducing u the latest coffee machine from nespresso. modular. intuitive. combines espresso and fresh milk. the new u. nespresso. what else? available at these fine retailers. >>> firefighters in california battled a raging river yesterday to rescue a homeless man. he was living on an island in the los angeles river and got into trouble after a
. >>> president obama is in hawaii for christmas. the president is expected to spend a quiet day with his family. with the president and congress on a short holiday break, there's been no movement on fiscal cliff negotiations. before he left washington, the president said he believes a deal could be made before the december 31 deadline. >>> u.s. troops celebrated their 12th consecutive christmas in afghanistan. service men and women attended a service at the nato base in...
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Dec 30, 2012
12/12
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here is more of president obama talking about the overall situation. >> what congress needs to do is to prevent taxes from going up for the vast majority of americans. and this was a major topic of discussion throughout the campaign. what i said was that we should keep taxes where they were for 98% of americans, 97% of small businesses. but, if we are serious about deficit reduction, make sure the wealthy are paying more and combine it with spending cuts and put the economy on a long term trajectory of growth. over the next 48 hours, my hope is people recognize that regardless of partisan differences, our priority has to be to make sure taxes on middle class families do not go up. that would hurt our economy badly. at a certain point, it is very important for republicans in congress to say we understand we are not going to get 100%. we are willing to compromise in a serious way to solve problems. >> give you the live picture. you are seeing the majority leader, harry reid. >> they will begin at 3:00. announce the business of the day. >> under the previous order, the leadership time i
here is more of president obama talking about the overall situation. >> what congress needs to do is to prevent taxes from going up for the vast majority of americans. and this was a major topic of discussion throughout the campaign. what i said was that we should keep taxes where they were for 98% of americans, 97% of small businesses. but, if we are serious about deficit reduction, make sure the wealthy are paying more and combine it with spending cuts and put the economy on a long term...
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Dec 26, 2012
12/12
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. >> president obama will be arriving in washington tomorrow and both houses of congress will be back in session tomorrow. that will give them just five days to put together a deal to avoid the massive automatic tax hikes and spending cuts known as the fiscal cliff. >> president obama spent christmas day visiting with troops in hawaii. >> while back in washington uncertainty about the looming fiscal cliff continues. there has been to communication between republicans and democrats about how to avoid going over the cliff. before the christmas break, speaker john boehner was unable to get enough support from respects to pass his plan and help said it was up to the white house and the senate to avert the cliff. so now harry reid is believed to be crafting a plan of his own. it's expected to extend bush-era tax cuts. it would also include short-term spending cuts instead of the massive cuts that would occur if there is no deal. it would also patch up the alternative minimum tax that will hit even more middle class families and schedule a drop off for doctors. >> if republicans do give in
. >> president obama will be arriving in washington tomorrow and both houses of congress will be back in session tomorrow. that will give them just five days to put together a deal to avoid the massive automatic tax hikes and spending cuts known as the fiscal cliff. >> president obama spent christmas day visiting with troops in hawaii. >> while back in washington uncertainty about the looming fiscal cliff continues. there has been to communication between republicans and...
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Dec 31, 2012
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how did we get to the edge of the fiscal cliff and the least productive congress in history? >> the public is implicated in this. 2008 the public elected president obama, democratic house, democratic senate. 2010, a large number of people in the public changed their minds they got angry at us over health care, which was misunderstood, angry at us because we inherited a section that we weren't able to defeat because of their obstruction. in 010 -- in most democracies that would be it. we have a constitution under which it's called the staggered powers, checks and balances, the last three elections are there. the problem is in 2008 you had one group of people elected, in 2010, another. there wasn't simply the people in 2010 were conservative. very substantial number of the people elected as republicans in 2010 do not believe in governance. they do not understand there are things we need for the quality of life we have to come together. this isn't bob dole. this isn't howard baker. this isn't ronald reagan. these are people that are quite extreme. what's happened is that many re
how did we get to the edge of the fiscal cliff and the least productive congress in history? >> the public is implicated in this. 2008 the public elected president obama, democratic house, democratic senate. 2010, a large number of people in the public changed their minds they got angry at us over health care, which was misunderstood, angry at us because we inherited a section that we weren't able to defeat because of their obstruction. in 010 -- in most democracies that would be it. we...
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Dec 27, 2012
12/12
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we are now receiving word that the president, president obama will not send legislation to congress today that might avert the so-called fiscal cliff. the president pulled the plug on his holiday trip to hawaii and arrived in washington shortly after 11:00 in hopes of prodding congress to lock in taxes for all but the wealthiest 2%. so a republican source told us he would be sending legislation to capitol hill, but the white house is telling us no, that is not the case. you have the president there at the white house. you have the senate in session and they are scattered throughout the country and taxes are going up on january 1st. let's listen to harry reid. he is not happy about the house and being away. he is the top senate democrat. >> we are here in washington working. we have the house of representatives out watching movies and watching their kids play soccer and basketball and doing all kinds of things. they should be here. >> here's a reality. reid said it's beginning to look to him as though we will plunge over the cliff come tuesday. they are keeping an eye on washington to see
we are now receiving word that the president, president obama will not send legislation to congress today that might avert the so-called fiscal cliff. the president pulled the plug on his holiday trip to hawaii and arrived in washington shortly after 11:00 in hopes of prodding congress to lock in taxes for all but the wealthiest 2%. so a republican source told us he would be sending legislation to capitol hill, but the white house is telling us no, that is not the case. you have the president...
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Dec 27, 2012
12/12
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president obama back in washington d.c. spoke to all the congressional leaders, top democrats and republicans in the house and senate, no update, or signs of real progress, senior administration official says this one is up to congress to figure out. house republicans say we need the senate to act, senators say we need republicans to act. terry reed hit the floor a short while ago and said it looks like we are headed over the fiscal plan and called on the house to set -- pass the senate plan. >> i see the speaker painting the escape hatch, put the economic base in your own state as speaker of the house. million of middle-class families are nervously watching, waiting and counting down the moment until our taxes go up. >> that escape hatch would keep taxes where they are for families earning less than $250,000 a year and increase for those earning more. a response from house speaker john boehner's office, spokesperson saying harry reid should talk less and legislate more. the house has passed legislation to avoid the entire
president obama back in washington d.c. spoke to all the congressional leaders, top democrats and republicans in the house and senate, no update, or signs of real progress, senior administration official says this one is up to congress to figure out. house republicans say we need the senate to act, senators say we need republicans to act. terry reed hit the floor a short while ago and said it looks like we are headed over the fiscal plan and called on the house to set -- pass the senate plan....
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Dec 30, 2012
12/12
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president obama made his final argument, placing the blame squarely on congress, specifically, house republicans, mr. obama is cautiously opt mifertic that lawmakers will reach a watered-down deal, but no mention of debt, tax reform or entitlements. i'm shannon bream. the senate will convene in an hour. we have team coverage on capitol hill and at the white house. we start with mike, live on capitol hill. what's the latest on republicans? and how are they reacting to the comments we heard from the president? >> reporter: good afternoon. the critical comments from president obama in a critical stage in these negotiations, certainly seem to hit a nerve. a spokesman for senator mitch mcconnell says while the president was tapingly those remark, senator mcconnell was trying to bring republicans and democrats together on a solution. the spokesman notes, discussions continue. if senator mcconnell and harry reid can reach a deal in the next couple of hours, leading senate republican notes there is no guarantee it will pass both the house and the senate. >> if mcconnell can't get 60% of us t
president obama made his final argument, placing the blame squarely on congress, specifically, house republicans, mr. obama is cautiously opt mifertic that lawmakers will reach a watered-down deal, but no mention of debt, tax reform or entitlements. i'm shannon bream. the senate will convene in an hour. we have team coverage on capitol hill and at the white house. we start with mike, live on capitol hill. what's the latest on republicans? and how are they reacting to the comments we heard from...
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Dec 24, 2012
12/12
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look, he blames everything but guns -- movies, the media, president obama, gun-free school zones, you name it, the video games, he blames them. now, trying to prevent shootings in schools without talking about guns is like trying to prevent lung cancer without talking about cigarettes. he is so doctrinaire and so adamant that i believe gun owners turn against him as well. look, he says the only way to stop a bad guy with a gun is a good guy with a gun. what about trying to stop the bad guy from getting the gun in the first place. that's common sense, most americans agree with it and i just think he's turning people off. that's not where america is at and he's actually helping us. >> senator graham, there are nra supporters, colleagues in the senate who are saying, look, let's not just make this a conversation about guns, it's got to be a broader conversation but i heard wayne lapierre say, no, he will not sign on to any new gun legislation. do you agree with him? >> well, the first conversation we should have is how heartbroken we are as americans. i don't think there's anybody in the
look, he blames everything but guns -- movies, the media, president obama, gun-free school zones, you name it, the video games, he blames them. now, trying to prevent shootings in schools without talking about guns is like trying to prevent lung cancer without talking about cigarettes. he is so doctrinaire and so adamant that i believe gun owners turn against him as well. look, he says the only way to stop a bad guy with a gun is a good guy with a gun. what about trying to stop the bad guy from...
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Dec 30, 2012
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, the obama white house. we know one reason the non-white vote was on the rise, it's not just birthrate. the reason is not because the black population is increasing, but because the black turnout rate is increasing. latino and asian voters rate was lower than their share, black voters make up 12% of the eligible electorate and 13% of the actual turn out in november. they use republicans to suppress the vote to energize black voters. want to find out what my guests know now that they didn't? >> the black voting. >> proof we don't coordinate before the show. >> about that, i'll add that it didn't begin with 2008. it began in 2000, the black turnout rate jumped up. it's been increasing since then. there's a real question about whether it's obama driven or whether black voters turn out more indefinitely. >> what we now know is the tea party is going to get blamed no matter what. this cycle, back in 2010, the republican party wanted to take credit. they didn't do any of it. it was us that had the momentum. washin
, the obama white house. we know one reason the non-white vote was on the rise, it's not just birthrate. the reason is not because the black population is increasing, but because the black turnout rate is increasing. latino and asian voters rate was lower than their share, black voters make up 12% of the eligible electorate and 13% of the actual turn out in november. they use republicans to suppress the vote to energize black voters. want to find out what my guests know now that they didn't?...
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Dec 26, 2012
12/12
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obama and congress can not agree on a stopgap measure, automatic hikes and spending cuts will hit americans jan 1. peter doocy live in washington with more on this peter, what is the latest? >> reporter: gregg, the president said on friday he would see it this week and maybe if lawmakers went back to home districts to drink eggnog and eat cookies and sing christmas carols maybe they would be more in touch with the hardship so many americans are going to face if the fiscal cliff is not avoided. >> there is a mismatch right now between how everybody else is thinking about these problems. democrats and republicans, outside of this town and how folks are operating here and we've just got to get that aligned. >> reporter: the president's wife and daughters are going to stay in hawaii to continue vacationing. we're told the president may rejoin them or he may not. it all depends on how negotiations progress in the next few days. gregg: well, you know what, peter? there's not lost love between boehner and president obama. are they going to meet? >> reporter: they might, gregg. the speaker is expec
obama and congress can not agree on a stopgap measure, automatic hikes and spending cuts will hit americans jan 1. peter doocy live in washington with more on this peter, what is the latest? >> reporter: gregg, the president said on friday he would see it this week and maybe if lawmakers went back to home districts to drink eggnog and eat cookies and sing christmas carols maybe they would be more in touch with the hardship so many americans are going to face if the fiscal cliff is not...
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Dec 27, 2012
12/12
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obama wants congress to take the lead in getting the job done. the senate convenes later today and senate majority leader harry reid told members to be prepared to address fiscal cliff issues through the weekend. reid is working on his own plan to get lawmakers to come together before the end of the year deadline. that plan would likely include letting the bush tax cuts expire for households making more than $250,000 a year and short term spending cuts instead of the massive long-term cuts that would happen if there is no deal. after our wednesday conference call, house republican leaders issued a statement saying they were waiting for the democratic controlled senate. the house will take this action on whatever the senate can pass they said but the senate first must act. in a sign of public frustration over the lack of a deal the coffee giant starbucks is asking employees in approximately 120 washington area cafes to write the words "come together" on cups for drink orders. >> we just wanted to have a subtle message of coming together and everyo
obama wants congress to take the lead in getting the job done. the senate convenes later today and senate majority leader harry reid told members to be prepared to address fiscal cliff issues through the weekend. reid is working on his own plan to get lawmakers to come together before the end of the year deadline. that plan would likely include letting the bush tax cuts expire for households making more than $250,000 a year and short term spending cuts instead of the massive long-term cuts that...
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Dec 29, 2012
12/12
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president obama says the u.s. cannot afford a politically self-inflicted wound to our economy. >> fortunately congress can prevent it from happening if they act right now. i just had a good and constructive discussion with senate and house leadership about how to prevent this tax hike on the middle class. i'm optimistic we may still be able to reach an agreement that can pass both houses in time. >> the wild card is figuring out what it will take to get a final deal to pass in the house of representatives. they return tomorrow, probably around when we find out if the top two senators reached an agreement. >> gregg: mike emmanuel live in washington. thanks very much. be sure to watch fox news sunday tomorrow. chris wallace talks fiscal cliff with u.s. senators lindsey graham and diane feinstein. check your local listings for the times. >> arthel: with a possible agreement being worked on behind closed doors to avoid going over the fiscal cliff, one casualty could be the defense department. severe financial cuts cou
president obama says the u.s. cannot afford a politically self-inflicted wound to our economy. >> fortunately congress can prevent it from happening if they act right now. i just had a good and constructive discussion with senate and house leadership about how to prevent this tax hike on the middle class. i'm optimistic we may still be able to reach an agreement that can pass both houses in time. >> the wild card is figuring out what it will take to get a final deal to pass in the...
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Dec 27, 2012
12/12
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. >>> economists warn that we could be headed to another recession if president obama and congress fail to find a way to avoid the fiscal cliff of tax increases and spending cuts that will take effect january 1. the president is returning to washington this morning, cutting short his holiday vacation. however, with only five days before the fiscal cliff deadline, no new negotiations have been scheduled. and adding to the pressure, treasury secretary tim geithner says the country is on track to hit its borrowing limit on monday. >>> and former president george h.w. bush has been moved to the intensive care unit at a hospital in houston. he's in guarded condition because of a stubborn fever. mr. bush who is 88, has been hospitalized for more than a month now, trying to recover from bronchitis. >>> you think you pay a lot to park. not compared to folks in chicago. it's going to soon cost $6.50 per hour. that's like 10 cents a minute at a meter downtown. after the rate goes up 75 cents in the new year. >> in quarters? >> yes, quarters, you can also use a credit card. >> who carries $6.50 in
. >>> economists warn that we could be headed to another recession if president obama and congress fail to find a way to avoid the fiscal cliff of tax increases and spending cuts that will take effect january 1. the president is returning to washington this morning, cutting short his holiday vacation. however, with only five days before the fiscal cliff deadline, no new negotiations have been scheduled. and adding to the pressure, treasury secretary tim geithner says the country is on...
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Dec 26, 2012
12/12
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FBC
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president obama cutting short his hawaiian vacation and will be in washington tomorrow. dennis: congress also set to return to d c tomorrow perhaps mounted what everyone hopes will be a last-ditch offered to stave off the fiscal cliff. peter barnes joins us from the belt way. peter: here's what the official spokespeople for all the leaders are saying about this this morning. from the white house, quote, we will let you know if we had any updates. from senate democratic leader harry reid, quote, nothing to report. no conversations with republicans yet. said republican leader mitch mcconnell, quote, no our reach for many democrats. we talk to the speaker's office all the time and always do but the house passed legislation and we are waiting on senate democrats. house speaker john boehner, quote, nothing new and from democratic leader of the house nancy pelosi, her spokesperson saying, quote, i don't know anything right now. as of now the cliff remains clearly in sight. if nothing is done on january 1st, the nation faces a $5 trillion tax increase over ten years through the
president obama cutting short his hawaiian vacation and will be in washington tomorrow. dennis: congress also set to return to d c tomorrow perhaps mounted what everyone hopes will be a last-ditch offered to stave off the fiscal cliff. peter barnes joins us from the belt way. peter: here's what the official spokespeople for all the leaders are saying about this this morning. from the white house, quote, we will let you know if we had any updates. from senate democratic leader harry reid, quote,...
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Dec 28, 2012
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so president obama agreed to extend the tax cuts for two more years in exchange for congress extending federal emergency unemployment benefits. those cuts are expensive. if they are extending by 2020, the bush era tax cuts will be responsible for more than half the total national debt. democrats insist that taxes go up for the wealthy but stay in place permanently for those earning less than $250,000 a year. >> we need to stop the job-killing tax hikes and we need to start it cutting spending now. >> republicans refuse to play ball. they say no higher rates on the rich, no tax hikes on anyone. based on an ideology that calls on government to be as small as possible. its roots are as old as american, but the main spokesman is this man, grover norquist, president of americans for tax reform. norquist's pledge signed by almost all republicans in congress forbids them from raising taxes ever under any circumstances. things come to a head in the summer of 2011. republicans demand the government reduce its deficit as a condition for raising the debt ceiling. without a deal, the u.s. would lo
so president obama agreed to extend the tax cuts for two more years in exchange for congress extending federal emergency unemployment benefits. those cuts are expensive. if they are extending by 2020, the bush era tax cuts will be responsible for more than half the total national debt. democrats insist that taxes go up for the wealthy but stay in place permanently for those earning less than $250,000 a year. >> we need to stop the job-killing tax hikes and we need to start it cutting...
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Dec 25, 2012
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same congress, same senate same president. so should we expect change? i'm not that sure. >> therefore the re-election of president obama was a good thing or bad thing you think? >> well, i don't ever get into politics as you know, charlie. i've always said i'm not right wing or left wing, i'm for the whole bird. >> evidently, god wanted president obama, he had a purpose for him, to be re-elected. do i follow that? what's the disconnect between those thoughts? god has a purpose -- >> we don't know god's purpose in a lot of events. i mean, i was at the notre dame/usc game on saturday night. people were praying for both sides to win. i don't think god has an opinion. >> god didn't care? >> god didn't have an opinion in that. >> but god does have an opinion in your life -- >> god's more interested in your character than your career. you're not taking your career to heaven. you are taking your character. so really what you do is not nearly as important as who you've become. and i would say god is extremely interested in who barack obama's becoming or who mit
same congress, same senate same president. so should we expect change? i'm not that sure. >> therefore the re-election of president obama was a good thing or bad thing you think? >> well, i don't ever get into politics as you know, charlie. i've always said i'm not right wing or left wing, i'm for the whole bird. >> evidently, god wanted president obama, he had a purpose for him, to be re-elected. do i follow that? what's the disconnect between those thoughts? god has a...
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president obama says he's optimistic senate leaders can avoid the fiscal cliff with just three days to go. if no agreement is reached the president says he's urge congress to hold up or down votes on a package that prevents tax hikes on the middle class and extends unemployment insurance. joining me now, congressional correspondent for the national journal, chris fragts and congressional reporter for the "washington post" ed o'keefe. chris let me start with you this time. we're talking about a deal could be reached. the president modestly optimistic. i'm hearing that word a little bit thrown around this morning and this afternoon, optimistic. so what does that deal look like now? >> well, t.j., i thought maybe your butmper musing coming back in shoulding final countdown. just a few days left and the senate is at work. a lot of optimism out there and a lot of happy talk coming out of friday's white house meeting. but the sides still remain pretty far apart. reid and mcconnell on who is rich. what's the definition of wealthy. is it 250,000? is it 400,000? they still haven't hashed that o
president obama says he's optimistic senate leaders can avoid the fiscal cliff with just three days to go. if no agreement is reached the president says he's urge congress to hold up or down votes on a package that prevents tax hikes on the middle class and extends unemployment insurance. joining me now, congressional correspondent for the national journal, chris fragts and congressional reporter for the "washington post" ed o'keefe. chris let me start with you this time. we're...
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Dec 24, 2012
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president obama begins day three of his hawaiian holiday. white house officials say this is a working vacation, but talks on the fiscal cliff remain largely deadlocked. meanwhile, members of congress came to honolulu on sunday to along with the president say good-bye to one of their own. with the fiscal cliff deadline looming, lawmakers and president obama attended a memorial service in honolulu on sunday for the late senator daniel inoyue. >> he was really a legislative hero who would never hesitated to collaborate with a republican colleague for the good of the country. >> reporter: there was little sign of collaboration on the morning talk shows. >> my one bit of advice to speaker boehner is this. you cannot pass a bill with just republicans. >> the president has been a pathetic fiscal leader. >> both sides blaming each other for the impact. >> i think the president is eager to go over the cliff for political purposes. i think he sees a political victory the on the bottom of the cliff. >> on taxes it's hard for the republicans, but the pr
president obama begins day three of his hawaiian holiday. white house officials say this is a working vacation, but talks on the fiscal cliff remain largely deadlocked. meanwhile, members of congress came to honolulu on sunday to along with the president say good-bye to one of their own. with the fiscal cliff deadline looming, lawmakers and president obama attended a memorial service in honolulu on sunday for the late senator daniel inoyue. >> he was really a legislative hero who would...
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. 37% blame -- would blame president obama and 11% blame both. so there's a political reality to the fact that the gop is stuck between a rock and a hard place. they'll get blamed if it happens and they'll get blamed if they vote for anything that looks like a tax increase. >> listen, the republican party gets blamed if it's sunny outside. so i'm not really worried about that and neither should people be. but you bring up the point, this should not be above who suffers in the polls. this should be about fixing the united states of america and, you know what, people need to be willing to take a vote even if it means they don't come back. >> yeah, well that's the problem, right? you and i talked about this before. we're in constant campaign mode. a compromise would require that both parties, all parties involved actually pay some price, that it costs somebody something. what is the specific problem, though, on the republican side in terms of the lack of compromise? again, i want to show you the same poll that we did on december 17th and 18th asking
. 37% blame -- would blame president obama and 11% blame both. so there's a political reality to the fact that the gop is stuck between a rock and a hard place. they'll get blamed if it happens and they'll get blamed if they vote for anything that looks like a tax increase. >> listen, the republican party gets blamed if it's sunny outside. so i'm not really worried about that and neither should people be. but you bring up the point, this should not be above who suffers in the polls. this...
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we're also expecting that president obama will likely return to washington, d.c. at this point it seems more a matter of when and not really matter of if. and then right now the plan that the white house is trying to push forward is to deal with the tax hikes for those earning $250,000 or less. it appears those spending cuts that are the other part of the fiscal cliff will likely set in. and then what happens there will maybe be something that democrats and republicans try to deal with in the coming weeks, in the coming months. that means even come say the end of the year here or if we go over the cliff and there's some quick resolution, it's not for everything and we'll be dealing with a lot of these problems for some time, carol. >> what's the president doing in hawaii? >> reporter: the president has been getting in some r and r. he arrived saturday morning. he played golf with some of his buddies. he wept outer with his wife. yesterday he attended the ceremony for senator daniel inn way. and then he went for a hike in the afternoon with his daughters. this may
we're also expecting that president obama will likely return to washington, d.c. at this point it seems more a matter of when and not really matter of if. and then right now the plan that the white house is trying to push forward is to deal with the tax hikes for those earning $250,000 or less. it appears those spending cuts that are the other part of the fiscal cliff will likely set in. and then what happens there will maybe be something that democrats and republicans try to deal with in the...
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president obama plans to submit gun control legislation to congress in 2013. that will deal with assault weapons specifically, as well as background checks on gun sales. as you might realize, it's spurred on by the school massacre in newtown, connecticut, killed 20 children and 6 adults. murdered his mother and killed himself. speaking yesterday on "meet the press," the president says something has to fundamentally change in this country. that newtown shootings cannot feel like what he called a routine episode. >> that was the worst day of my presidency, and it's not something that i want to see repeated. >> vice president joe biden is leading a task force that will submit legislative proposals to the president in january. >>> also, happy new year, new zealand. auckland. and the start of 2013 with the fireworks display from sky tower, tallest free standing structure in the southern hemisphere. >> and as auckland rings in the new year, preparation under way in times square. heart of new york city, coming up next. >> and more from washington for you. >> my messa
president obama plans to submit gun control legislation to congress in 2013. that will deal with assault weapons specifically, as well as background checks on gun sales. as you might realize, it's spurred on by the school massacre in newtown, connecticut, killed 20 children and 6 adults. murdered his mother and killed himself. speaking yesterday on "meet the press," the president says something has to fundamentally change in this country. that newtown shootings cannot feel like what...
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. >>> with some 90 hours to go until the fiscal cliff kicks in, president obama and top members of congress meet today at the white house, and the house will hold a rare session on sunday. but there are no signs that any proposals are taking shape that both sides can agree on. >>> and now for a look at what is trending today, our quick roundup of what has you talking online. every day thousands of people update social media sites like facebook and twitter when they get sick. now sickweather.com is scanning those sites to help predict outbreaks of illness like the flu, letting you take your ge germophobia. >>> well, bravo is giving us a sneak peek inside lindsay lohan's bedroom for an upcoming episode of "million dollar decorators." they agree that the mirrored bed frame has got to go. you can see the full episode january 1st on bravo. >>> miley cyrus' cover of dolly parton's j"joline" is going viral. she just released the sessions she did with her band over the summer. here's a listen. ♪ joline, joline, joline >> video was only posted this week, but it was shot before miley got her new di
. >>> with some 90 hours to go until the fiscal cliff kicks in, president obama and top members of congress meet today at the white house, and the house will hold a rare session on sunday. but there are no signs that any proposals are taking shape that both sides can agree on. >>> and now for a look at what is trending today, our quick roundup of what has you talking online. every day thousands of people update social media sites like facebook and twitter when they get sick....
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ambition from the new congress. there's really not a whole lot -- i believe president obama thinks he can blame the republicans and history will be kind to him if he does. i don't know about a recession. i think we get about a 12-month deal. but there's still a lot of headwinds. that longshoreman's strike knot a small !mnw34>> welcome back pop "squawk box." dow looks like it would open down. it's gotten worse this morning. up about 67 points. s&p would be off over 6 points. the fass dak would be off over 14 points. >> and we weren't in the -- that down a few minutes ago. >> right. >> what did bob iaccino say? >> it might not have been him. >> is ed doing it? who is doing it? >> anybody who had any real money to trade would have traded it before the holidays. very, very thin markets right now. >> and i don't know if we're going to have a chance to talk about your -- >> yeah, we will have a chance to talk about that. think about it. if you were the estate tax deal. there's so many facets to the cliff, bu
ambition from the new congress. there's really not a whole lot -- i believe president obama thinks he can blame the republicans and history will be kind to him if he does. i don't know about a recession. i think we get about a 12-month deal. but there's still a lot of headwinds. that longshoreman's strike knot a small !mnw34>> welcome back pop "squawk box." dow looks like it would open down. it's gotten worse this morning. up about 67 points. s&p would be off over 6 points....
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we will work with the congress. i have some experience here. i am the guy that negotiated the child safety lock arrangement with bill clinton. there are things we can do and do now rather than debate endlessly over the things that divide us instead of moving forward on the many things that we're already in agreement on. >> you were -- when you worked for the nra, you were its political director. >> regional political director. >> regardless, you knew a lot about its clout in politics. do you in all candor think that the nra has the kind of clout it did back in the '90s when were you involved in those really high-proo file debates, for like safety locks, assault bans and so on. >> when i did the chaft safety lo locks, i was representing the nra. it's not about clout. what the nra does so well is organize and motivate their people to get out in elections. arguing against what they do, you are arguing against democracy. we're in this fight together, instead of dwighting america, let's come together for a change. we can. >> i want to talk a little
we will work with the congress. i have some experience here. i am the guy that negotiated the child safety lock arrangement with bill clinton. there are things we can do and do now rather than debate endlessly over the things that divide us instead of moving forward on the many things that we're already in agreement on. >> you were -- when you worked for the nra, you were its political director. >> regional political director. >> regardless, you knew a lot about its clout in...
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president obama on his way back to washington right now but not all the lawmakers are there and if congress and the president do not reach a compromise before january 1st many analysts say the economy will slide back into a recession. gregg: mike emanuel is live on capitol hill. mike, any indication of the president's next move? >> reporter: well, gregg, last time we heard the president talk about the this matter he said he was calling on congressional leaders to essentially make sure taxes do not go up on middle class americans. presumably that would be a package that continues the bush tax cuts for those making up to $250,000. he would also like to continue emergency unemployment benefits for two million americans. and beyond that, details are kind of murky at this point. so we await the president to get back to washington. we know that the senate will be back in session today. we know there have been some conversations back and forth but at this point no indication that steps have moved forward closer to a deal, gregg. gregg: so, mike, if the senate comes back, what do we expect from the
president obama on his way back to washington right now but not all the lawmakers are there and if congress and the president do not reach a compromise before january 1st many analysts say the economy will slide back into a recession. gregg: mike emanuel is live on capitol hill. mike, any indication of the president's next move? >> reporter: well, gregg, last time we heard the president talk about the this matter he said he was calling on congressional leaders to essentially make sure...
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one man in texas is not waiting for congress to act. he is doing his part to fix the country's finances and send a message as well. kyung lah has the story. >> reporter: in his unheated garage, 85-year-old garcia is working to fix the fiscal cliff. one can at a time. how much money have you sent the government? >> a little bit over $3,000. >> reporter: $3,197.88, to be exact. all tracked on a handwritten ledger. over the last three years, garcia has been paying the government $50 a month of his postal service pension and money from cans he collects. >> we're paying absolutely too much interest, too much interest. >> reporter: it really bothers you. >> it bothers me because it makes no sense. >> reporter: sense is something garcia's wife of 59 years thinks her husband could use. do you think he's crazy? [ speaking spanish ] >> uh-huh. >> reporter: call him crazy, but there's an entire federal office of bureau of public debt that collects money like garcia's. this office in west virginia was set up by president kennedy so citizens could p
one man in texas is not waiting for congress to act. he is doing his part to fix the country's finances and send a message as well. kyung lah has the story. >> reporter: in his unheated garage, 85-year-old garcia is working to fix the fiscal cliff. one can at a time. how much money have you sent the government? >> a little bit over $3,000. >> reporter: $3,197.88, to be exact. all tracked on a handwritten ledger. over the last three years, garcia has been paying the government...
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fiscal cliff negotiations with congress. talks fell apart before christmas. the deadline now is just days away and there is no deal in sight to avoid the tax hikes and spending cuts set to go into effect january 1st. our juan williams is a fox news political analyst and he joins us today and very quickly, juan, merry christmas to you. >> merry christmas, kelly. kelly: this is daunting task facing congress to avert the so-called fiscal cliff that will set into motion more than $600 billion in drastic and draconian allic tax hikes and spending cuts. that will cause a lot of pain for all americans and does congress have enough time to act on this? >> they do. you know it will be very close and it may in fact go beyond the deadline per se although people are thinking at the moment it is possible to get something done by the end of this week. the key here, kelly, is the senate. we have been so focused on the house, speaker boehner, plan. about, plan b falling apart. now speaker boehner is pointing towards the senate and the white
fiscal cliff negotiations with congress. talks fell apart before christmas. the deadline now is just days away and there is no deal in sight to avoid the tax hikes and spending cuts set to go into effect january 1st. our juan williams is a fox news political analyst and he joins us today and very quickly, juan, merry christmas to you. >> merry christmas, kelly. kelly: this is daunting task facing congress to avert the so-called fiscal cliff that will set into motion more than $600 billion...
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obviously obama care is signature legislation. cornhuskers, a lot of back room deals. but after 25 days of straight debating, they did pass it on christmas eve. i guess this bill just wasn't as important. carl, back to you. >> i'll take it, rick. thank you. rick santelli. coming up next why some people are wishing for a yellow christmas this year. and don't forget to tweet us. the financial times says toy makers are trembling as tots turn to tablets instead of traditional toys this holiday season. kids who don't want toys? as tots trade toys for tablets we wonder what is up with kids these days. tweet us and let us know what you think at squawk street. we have some of those answers right after this. ♪ why can't they be like we were perfect in every way ♪ hunger and diabetes.anage >>> most people are dreaming a white christmas but some are dreaming of a yellow christmas, the kind that comes in a little blue box. robert craig explains in today's million dollar minute. >> reporter: this holiday season some of the biggest gifts come in the smallest packages. yellow dia
obviously obama care is signature legislation. cornhuskers, a lot of back room deals. but after 25 days of straight debating, they did pass it on christmas eve. i guess this bill just wasn't as important. carl, back to you. >> i'll take it, rick. thank you. rick santelli. coming up next why some people are wishing for a yellow christmas this year. and don't forget to tweet us. the financial times says toy makers are trembling as tots turn to tablets instead of traditional toys this...
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meanwhile, on friday president obama said america's patience has almost run out. with steep tax hikes and deep spending cuts looming, president obama used the power of his office to turn up the pressure on congress, making a quickly arranged appearance in the white house briefing room friday. >> the hour for immediate action is here. it is now. i'm modestly optimistic that an agreement can be achieved. >> reporter: the president repeatedly tapping into the public's frustration to bolster his argument. >> the american people are not going to have any patience for a politically self-inflicted wound. ordinary folks, they too their jobs. the notion that our elected leadership can't do the same thing is mind-boggling to them and needs to stop. >> reporter: the stern words came on the heels of an hour-long meeting with congressional leaders. sources close to the talks say mr. obama gave lawmakers two options. either come up with a bill that can pass both houses or allow a vote on his plan which among other things would extend unemployment benefits and tax breaks for tho
meanwhile, on friday president obama said america's patience has almost run out. with steep tax hikes and deep spending cuts looming, president obama used the power of his office to turn up the pressure on congress, making a quickly arranged appearance in the white house briefing room friday. >> the hour for immediate action is here. it is now. i'm modestly optimistic that an agreement can be achieved. >> reporter: the president repeatedly tapping into the public's frustration to...
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the fact is the obama administration, and more importantly the democrats, have not allowed the in congress have not allowed the administration to come forth with real spending cuts. >> but susan. >> let's face it the republicans said that they are willing to look at tax increases. a few weeks ago, a lot of people said, okay, grover norquist, we are going to say, if we have to make this to get our country through the toughest one of the toughest times, we will vote for tax increases. >> and it didn't even come to a vote in the house, because they couldn't approve boehner's plan. >> the vote in the house -- >> you're making my case. >> that was a ridiculous plan. >> they can't even get it to a vote in the house because they don't even have consensus on it. president obama has proposed something. look we have agreement in both parties that we don't want taxes to go up at least for the people who make 250,000 dollars or less. we want to do something about the amt. both sides agree with that. let us at least pass a bill to deal with that. the senate passed a bill back in july. why can't the hou
the fact is the obama administration, and more importantly the democrats, have not allowed the in congress have not allowed the administration to come forth with real spending cuts. >> but susan. >> let's face it the republicans said that they are willing to look at tax increases. a few weeks ago, a lot of people said, okay, grover norquist, we are going to say, if we have to make this to get our country through the toughest one of the toughest times, we will vote for tax increases....
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and you get to congress. the vast majority of leaders are voted in by those who are divided. have you two cohessive coalitions. it's harder to bridge them what is the alternative? we're all here, none of us are going away. we'll find ways to work together or find more self-inflicted wounds like the fiscal cliff. >> the idea, republicans and this is the idea that has been floated, will let us go off the cliff sor they or certain members won't have to raise taxes. >> they will cut taxes retroactive retroactively. >> seems like a bad way to go. >> look, this was a machine built to encourage compromise. and it may get easier for some republicans to come back in january if we go over the cliff. the reason, of course, all the bush tax cuts expire with the cliff, when you come back, you would only be voting to cut taxes on some force of the public, up to a certain income level. if you do it now, basically extend push tax cuts, are you effectively raising taxes on some people. might be easier for republicans, it takes us only a small step of the larger accommodation we need. we need
and you get to congress. the vast majority of leaders are voted in by those who are divided. have you two cohessive coalitions. it's harder to bridge them what is the alternative? we're all here, none of us are going away. we'll find ways to work together or find more self-inflicted wounds like the fiscal cliff. >> the idea, republicans and this is the idea that has been floated, will let us go off the cliff sor they or certain members won't have to raise taxes. >> they will cut...
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passed by congress. now, remember, and this is one of my predictions, foreign policy could sneak up on us. whatever we think that everything is about domestic policy, it often turns out to be about foreign policy and president obama will get frustrated with congress. as a second term president he'll probably do what other second term presidents have done, focus on foreign policy. >> juliet: all right, and your final prediction has to do with neil cavuto. >> this i believe, neil cavuto will continue to lose bets to me. now, neil doesn't get up this early on sunday as you know, but i hope somebody tells him what the prediction is, it was crystal clear in the crystal ball. >> juliet: we'll get to get his reaction. >> dave: i'll tell him right now and try to get his reaction on twitter. thank you. is your car ready for the long winter ahead? what you should always keep handy to make sure you're safe on the roads, it's next. ♪ slow ride, take it easy ♪ this is america. we don't let frequent heartburn come
passed by congress. now, remember, and this is one of my predictions, foreign policy could sneak up on us. whatever we think that everything is about domestic policy, it often turns out to be about foreign policy and president obama will get frustrated with congress. as a second term president he'll probably do what other second term presidents have done, focus on foreign policy. >> juliet: all right, and your final prediction has to do with neil cavuto. >> this i believe, neil...
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fiscal cliff kicks in, president obama and top members of congress meet today at the white house, and the house is holding a rare session on sunday. but there are no signs that any proposals are taking shape that both sides can agree on. >>> heartbreak for many americans now banned from adopting russian children. this morning, president vladimir putin signed a bill that blocks russian children from leaving the country, even if u.s. families have already started the process of adopting them. the ban appears to be in re retaliation for u.s. criticism of russia's human rights record. >>> it's back to work for hillary clinton after being sidelined due to a concussion. she hit her head earlier this month after a stomach virus caused her to faint. overseas travel will remain off the table for several more weeks. >>> a woman has been arrested suspected of running a fraudulent fundraising scheme to profit off the sandy hook shooting tragedy. the 37-year-old was charged with lying to the fbi agents investigating the alleged scam. she spoke off camera earlier this month with our own jeff rossen
fiscal cliff kicks in, president obama and top members of congress meet today at the white house, and the house is holding a rare session on sunday. but there are no signs that any proposals are taking shape that both sides can agree on. >>> heartbreak for many americans now banned from adopting russian children. this morning, president vladimir putin signed a bill that blocks russian children from leaving the country, even if u.s. families have already started the process of adopting...
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>>> we told you last hour president obama is spending his last few hours in hawaii before returng early to washington. he's expected to arrive tomorrow, just five days ahead of the fiscal cliff, which includes an across the board tax hike that congress has tried but failed to undo. cnn's dana bash is with us from washington, our senior congressional correspondent. we spoke last hour. you told us that hour speaker john boehner was to convene this conference call to decide whether or not to call the house back into session. we know the senate is supposed to convene, but nothing can, of course, take place until the house is in session as well. do we know the results of that conference call? will boehner reconvene the house? >> reporter: i'm told by a source familiar with the call, which just happened within last hour, as you said, that no decision was made on the schedule or timing for the house. as we talked about an hour ago, the leaders in the house have promised the members that they won't be called back without 48 hours notice. so at this point it is wednesday afternoon, they won't ev
>>> we told you last hour president obama is spending his last few hours in hawaii before returng early to washington. he's expected to arrive tomorrow, just five days ahead of the fiscal cliff, which includes an across the board tax hike that congress has tried but failed to undo. cnn's dana bash is with us from washington, our senior congressional correspondent. we spoke last hour. you told us that hour speaker john boehner was to convene this conference call to decide whether or not...
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sources tell us senator harry reid is trying to cram through a scaled back version of the obama cliff plan from almost week. the house is still out. after the gop went into recess last week after the gop didn't have enough support to pass its own plan "b." congress has very little time, though, five days to be exact to come up with some kind of a deal to avoid the fiscal cliff. it may already be too late with the way things work on capitol hill. let's bring in jonathan allen, the senior washington kpon for politico. jonathan, let's get to that. i think if everything lines up they could possibly get a deal signed from the fiscal cliff but when does that ever happen? >> yes, i think the problem, drew, there isn't that much time when congress has a consensus they can move quickly but there's no indication of that right now. all of the players seem locked into their strategies. for folks familiar with economic theory, this is a nash equilibrium. they believe given what the other folks are doing their pursuing their optimal path and that path seems to be leading us toward that fiscal cliff
sources tell us senator harry reid is trying to cram through a scaled back version of the obama cliff plan from almost week. the house is still out. after the gop went into recess last week after the gop didn't have enough support to pass its own plan "b." congress has very little time, though, five days to be exact to come up with some kind of a deal to avoid the fiscal cliff. it may already be too late with the way things work on capitol hill. let's bring in jonathan allen, the...